Guidelines

Situated in the Eastern Mediterranean, the island of Cyprus boasts a strategic geographical location at the hub of three continents; Europe, Asia and Africa. The population of the Republic of Cyprus currently stands at approximately 850,000 with the majority residing in the four main cities: Nicosia, Limassol, Larnaca and Paphos.

A Shareholders Agreement is essentially a legally binding contract established and agreed between the founding Shareholders of a company. It can arise in a number of circumstances, but typically they are used to manage issues appropriately and rules regarding the transferal of shares in a Private Limited Company, or in a joint start-up to regulate the relationship between the founding members.

According to commercial regulations in many common law jurisdictions, Directors have a duty of care requiring them to act in good faith for the company’s best interest, and using reasonable consideration of all available options before acting.